Tesla shares fell more than 8% in pre-market trade in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure.
Bulls and bears have been in a grapple over the stock, with some believing the company's core car business is under pressure, while others held hope about a future Musk has promised around autonomous driving.shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.
Robotaxis were a huge focus on the earnings call. Musk envisions a world in which owners can authorize their Tesla vehicle to be used as part of an Uber-style ride-hailing service — and where the cars would drive autonomously.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: auto123 - 🏆 566. / 51 Read more »
Source: futurism - 🏆 85. / 68 Read more »